As the Global market trends weak and the US tariff affects investor sentiment Sensen and Nifty 50 are struggling to surge upward. Yesterday 10th March, BSE Sensen was up by 409 points which is 0.55% higher but then faced a decline and fell 217 points lower than opening which is 0.29% Down. Finally, it closed at 74,115 points. Also Nifty closed at 22,460. How will the stock market perform today? What are the stocks that can break out today? Let’s find out.
Stocks to buy today by Sumeet Bagadia
According to Sumeet Bagadia, Executive Director at Choice Broking, the Nifty 50 index has failed to break resistance of 22,650. There is a crucial support at the 22,000 to 21,950 mark. So, what are the breakout stocks to watch today, 11th March? Here’s the list with buying price, selling price, and stop loss.
Breakout Stocks by Sumeet Bagadia
1. Emami: According to Sumeet Bagadia Emami Shares can be bought at Rs 568.15 today. Target selling price will be Rs 606 and remember to keep a stop loss at Rs 546.
2. Gujarat Fluorochemicals: These stock can be purchased at Rs 3817.45. The selling target price will be Rs 4084. Also investors should keep a stop loss at Rs 3683.
3. Doms Industries: Another good stock for today is Doms Industries. These shares can be purchased at Rs 2766.60 and target price for selling will be Rs 2940. There should be a stop loss at Rs 2651.
4. Carborundum Universal: These shares can be purchased at Rs 948.50 and the selling target price will be Rs 1015. Do remember to keep a stop loss at Rs 915.
5. Sanofi SA: The last stock recommendation for the day is Sanofi SA. These shares can be bought at Rs 5660.55 and the target price for selling will be around Rs 5962. There should be a stop loss at Rs 5377.
All the information given above is for informational purpose only. Investors are advised to consult with their certified experts before making any investment-related decision.
